£7,831,472
€9,350,000
Villa for saleLimassol, Limassol, Cyprus
About this property
Business Centre Investment Opportunity with Established Tenant Located in Saint Nicholas, Limassol
Limassol is Cyprus' leading business and commercial centre, home to a large international business community, professional services firms and a growing technology sector, supporting steady demand for quality office space.
Status - Completed, Tenanted
Lease - 3 years + 2-year extension option (12 months elapsed from commencement)
Price is subject to VAT. Standard VAT in Cyprus is 19%.
Property Features:
Property Type - Business Centre
Total Covered Area - 1,440 m2
Net Usable Area - 1,040 m2
Parking - 8 open spaces, with an optional 12 dedicated spaces in front of the building
Investment Features:
Current monthly rental income of €50,000, with the lease running 3 years plus a 2-year extension option.
Rent stepped up by 5% for years 4 to 5 and by a further 5% from year 6 onwards (projected).
Developer-paid maintenance for 5 years.
3-year rent guarantee, subject to purchase of the complete package comprising the Business Centre, Medical Centre and Apartment Building.
The existing tenant is a high-tech company that has invested substantially in the building's technology infrastructure.
Given the substantial existing infrastructure and a structured rental growth arrangement, the property offers investors an opportunity to secure a solid income-generating commercial asset in Limassol.
Limassol is Cyprus' leading business and commercial centre, home to a large international business community, professional services firms and a growing technology sector, supporting steady demand for quality office space.
Status - Completed, Tenanted
Lease - 3 years + 2-year extension option (12 months elapsed from commencement)
Price is subject to VAT. Standard VAT in Cyprus is 19%.
Property Features:
Property Type - Business Centre
Total Covered Area - 1,440 m2
Net Usable Area - 1,040 m2
Parking - 8 open spaces, with an optional 12 dedicated spaces in front of the building
Investment Features:
Current monthly rental income of €50,000, with the lease running 3 years plus a 2-year extension option.
Rent stepped up by 5% for years 4 to 5 and by a further 5% from year 6 onwards (projected).
Developer-paid maintenance for 5 years.
3-year rent guarantee, subject to purchase of the complete package comprising the Business Centre, Medical Centre and Apartment Building.
The existing tenant is a high-tech company that has invested substantially in the building's technology infrastructure.
Given the substantial existing infrastructure and a structured rental growth arrangement, the property offers investors an opportunity to secure a solid income-generating commercial asset in Limassol.
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